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730 Edgemont Blvd
Lansing, MI 48917
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 7,790 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.54/1,000 SF |
| Lot Size | 0.59 AC | ||
| Zoning | Commerical | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 7,790 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | Commerical |
ABOUT 730 EDGEMONT BLVD , LANSING, MI 48917
Edgemont is low-rise complex built in 1950, consisting of one building situated on less than an acre of land. The building contains eight, two-bedroom units and each unit has approximately 850 ft2. Notable for investors is the 100% occupancy, which is consistent with the historical operation of the property. Strong performance such as this can be attributed to the proximity to the intersection of Waverly Road and Saginaw Highway, which is less than 300 yards away from the property. Edgemont is less than a mile and a half away from Sparrow Hospital, Waverly High School, multiple parks and many big box retailers- providing tenants ample retail, educational, healthcare and entertainment opportunities that are close to home. Edgemont has been well-maintained and this offering represents a turn-key investment for a multifamily investor. The property is outfitted with Landlord-paid, hot-water baseboard heating system and the electricity is separately metered. Amenities at the property include on-site laundry, interior entrances, ample parking and tenant storage.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+0 | 8 | - | 850 |
PROPERTY TAXES
| Parcel Number | 21-01-07-353-004 | Improvements Assessment | $114,000 |
| Land Assessment | $56,800 | Total Assessment | $170,800 |
PROPERTY TAXES
